Market Trends:
In recent years, a change in the consumption patterns of consumers has been witnessed owing to the rising health consciousness among them. They are now preferring protein-rich food products over carbohydrate-rich foods which has augmented the sales of egg powder. Additionally, as the demand for egg yolk powder is increasing at a faster pace in comparison with whole egg powder, manufacturers are offering value-added variants of egg yolk powder. For instance, they have introduced high gel and high whip egg yolk powders which possess excellent binding properties, and thus, can be easily mixed with other food ingredients. Further, poultry production is insufficient for the population in some countries of the Middle East and Africa. As a result, they are largely dependent on imported egg powder to meet the local demand. Looking forward, the market volume is projected to reach 251,076 Tons by 2024, at a CAGR of 4% during 2019-2024.
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Insights on Market Segmentation:
Egg Powder Market: Breakup by Type
1. Whole Egg Powder
2. Yolk Egg Powder
3. White Egg Powder
On the basis of types, the market has been segregated into whole, yolk and white egg powder. At present, whole egg powder represents the most popular product type owing to its wide applications in the food industry.
Egg Powder Market: Breakup by End-Use
1. Bakery
2. Sauces, Dressings and Mixes
3. Others (Desserts, Dietary Supplements, Pharma, etc.)
Based on end-uses, the egg powder market has been divided into bakery; sauces, dressings and mixes; and others (desserts, dietary supplements, pharma, etc.). Currently, bakery accounts for the majority of the market share.
Egg Powder Market: Performance by Region
1. Asia-Pacific
2. Europe
3. North America
4. Middle East and Africa
5. Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, Latin America, and Others. Amongst these, Europe is the leading market for egg powder, holding the largest share.
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Sanovo Group, Weko Group, Eurovo S.R.L, Rembrandt Enterprises, Inc., Rose Acre Farms, Inc., and KEWPIE Egg Corporation.
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